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1-bed · 913 sqftOia Residence, Uptown Motorcity · 4th floor · completed 2018

407, Oia Residence

Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 27 March 2025
Last soldAED 1.03M24 May 2017
Current rentAED 120K /yr27 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Oia Residence

What is 407 worth today?

Last sold for AED 1,025,400 in 2017

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27 Mar 2025RentedNew contract
AED 120,000/yr12 months · AED 131 per sqft
27 Mar 2025RentedNew contract
AED 120,000/yr12 months · AED 131 per sqft
10 Jun 2024RentedNew contract
AED 65,000/yr6 months · AED 71 per sqft
15 Jun 2022RentedNew contract
AED 57,999/yr12 months · AED 64 per sqft
1 Dec 2021RentedNew contract
AED 55,000/yr12 months · AED 60 per sqft
20 Nov 2020RentedNew contract
AED 58,000/yr12 months · AED 63 per sqft
30 Sep 2019RentedRenewal
AED 70,000/yr12 months · AED 77 per sqft
30 Sep 2018RentedNew contract
AED 70,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 27 March 2025.

Key facts

Type
1-bed apartment
Size
913 sqft
Floor
4th of 5
Parking
B-318
Developer
Union Properties
Completed
2018
Service charge
AED 13,500 /yr
Last sold
AED 1.03M · May 2017
Building
Oia Residence

About 407, Oia Residence

407 is a one-bedroom apartment of 913 sqft on the 4th floor of Oia Residence, a 5-storey tower in Uptown Motorcity completed in 2018 by Union Properties. The developer sold it on 24 May 2017 for AED 1,025,400, or AED 1,123 per sqft, 7% below the AED 1,212 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 27 March 2025, is AED 120,000 a year: a gross yield of 11.7% on the 2017 price, before the service charge of about AED 13,500 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Oia Residence
750K1M2017202020232026Typical sale price by year: 2017 AED 1,040,000; 2018 AED 1,020,000; 2020 AED 860,000; 2021 AED 977,360; 2022 AED 650,000; 2023 AED 950,000; 2024 AED 875,000; 2025 AED 1,005,000; 2026 AED 1,100,000Sold by developer, May 2017: AED 1,025,400 (AED 1,123 per sqft)

407 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 407, each contractTypical one-bed in Oia Residence
50K100K2018202120242027Typical rent by year: 2018 AED 70,000; 2019 AED 69,500; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 55,000; 2023 AED 64,683; 2024 AED 71,625; 2025 AED 80,000; 2026 AED 82,750New contract, September 2018: AED 70,000 a yearRenewal, September 2019: AED 70,000 a yearNew contract, November 2020: AED 58,000 a yearNew contract, December 2021: AED 55,000 a yearNew contract, June 2022: AED 57,999 a yearNew contract, June 2024: AED 65,000 a yearNew contract, March 2025: AED 120,000 a yearNew contract, March 2025: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Oia Residence, and where 407 sits

All 48 1-beds →

407 last sold in May 2017 at AED 1,123 per sqft, 7% below what one-beds in Oia Residence were fetching at the time (AED 1,212). Over the last 12 months one-beds sold for AED 975,000 to 1,215,000, around AED 1,237 per sqft, and rent for AED 60,000 to 165,000 a year. 407's AED 120,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,020,000
26 Aug 2026975,000
14 May 20261,099,350
31 Mar 20261,100,000
8 1-bed sales in the last 12 months

Oia Residence

Building

269 apartments, 1-bed to 4-bed over 5 floors in Uptown Motorcity, completed in 2018 by Union Properties. 65 sold in the last 12 months.

Typical price per sqft
AED 1,050 Down 4.5%
Typical sale
AED 2.11M
Typical rent
AED 130K /yr
Typical yield
8.5%
Oia Residence, Uptown Motorcity: prices, sales and rents →

Other units on the 4th floor

All 269 units in Oia Residence
Value
4013-bedAED 825K · Oct 2022
4023-bedAED 1.6M · Dec 2022
4032-bedAED 1.62M · Jun 2020
4043-bedAED 1.52M · Mar 2022
4052-bedAED 1.25M · May 2022
4062-bedAED 1.13M · Sep 2021
4081-bedAED 1.02M · Jan 2018
1–7 of 47

407, Oia Residence in numbers

  • Sold once: by Union Properties on 24 May 2017 for AED 1,025,400, or AED 1,123 per sqft.
  • Rented since September 2018 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 55,000 in 2021 and recovered to AED 120,000 by March 2025.
  • At AED 120,000 a year the gross yield on the 2017 price is 11.7%, before a service charge of about AED 13,500 a year (AED 14.76 per sqft).
  • One-beds in Oia Residence sold for AED 975,000–1,215,000 in the 12 months to November 2026; the building's median across all types is AED 1,050 per sqft.

Source: Dubai Land Department. Updated 27 March 2025.

Questions about 407, Oia Residence

What did unit 407 last sell for?

AED 1,025,400 on 24 May 2017, sold by the developer: AED 1,123 per sqft for 913 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 120,000 a year on the contract signed on 27 March 2025. The previous contract, from March 2025, was AED 120,000; the unit has been rented since September 2018.

How big is unit 407?

913 sqft (84.8 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Oia Residence sold for AED 975,000 to 1,215,000 in the last 12 months, around AED 1,237 per sqft.

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Mortgage on 407, Oia Residence

Starts from the last sale price (AED 1.03M, 24 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,400
Deposit, UAE resident (20%)
AED 205,080
Deposit, non-resident (40%)
AED 410,160
Monthly over 25 years at 3.7%
AED 4,195

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →